Prepare journal entries for each of the following (refer to the Chart of Accounts for exact wordi...

Prepare journal entries for each of the following (refer to the Chart of Accounts for exact wording of account titles): Instructions A. On March 1, issued a check to establish a petty cash fund of $900. B. On April 1, the amount of cash in the petty cash fund is $115. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $550 and miscellaneous selling expense, $200. Record any missing funds in the cash short and over account.

Related Questions in Accounting Standard Codifications

Prepare journal entries for each of the following ( refer to the Chart of Accounts for exact wording of account titles): Instructions A. On March 1 , issued a check to establish a petty cash fund of $ 900 . B . On April 1 , the amount of cash in the petty cash fund is $ 115 . Issued a check

Need help answering these questions. Prepare journal entries for each of the following: a. Issued a check to establish a petty cash fund of $ 900 . b . The amount of cash in the petty cash fund is $ 115 . Issued a check to replenish the fund , based on the following summary

Petty cash fund entries Journalize the entries to record the following ( refer to the Chart of Accounts for exact wording of account titles): Instructions A. On March I, Check is issued to establish a petty cash fund of $ 1 ,125 B . On April 1

supplies, $574; miscellaneous selling express, $238; miscellaneous administrative expense, $149.(Since the amount of the check to replenish the fund plus the balance in the fund do not equal $ 1 , 500, record the discrepancy in the cash short and over account .) a. Journalize the entry to establish...

must equal the amount in the petty cash fund . Therefore, to replenish the fund , you add all receipts removed from petty cash and subtract that from the amount that should be in the fund . Any difference will be used as a balancing figure for the Cash Short and Over account . In making journal

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